I had my share of a bad trade or two this month. But I managed to avoid getting long and deep these past couple of days. That's nothing to be proud of; my quick triggers and paranoia prevent me (often) from those nice, large gains, while a pro like Le Fly banks and banks and banks. But he's up a river of worry right now. Hope it works out.
Scott Bleier, who blogs on Le Fly's site, suggests going all cash in the 401(k) before the market crashes. In an earlier blog, Bleier notes this:
This year is just like last year. And the year before. And being an election year won’t help. Remember what happened in 2008?